GODREJCP - Price is taking upport on its Demand Line, and the current trend is positive. RSI Bullish Divergence and price action indicating strength. This trade will be low risk and great reward, in my viewpoint. Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below. Thank you
reached the demand zone, now time to long target is mentioned in the chart
Godrej Consumer Products Ltd - 27.05.2022 The stock is trading @ 784 levels The prices are above EMA There is a SPINNING TOP & DOJI in Daily Chart There is a HAMMER in Weekly Chart There is a STRONG SUPPORT @ 751 levels The ideal buy entry is 777 & above Watch out for the price action
high : 15/09/2021 : 1,138.00 low : 23/03/2020 : 425.10 75 % : 959.77 50% : 781.55 25% : 603.32
NSE:GODREJCP Observations: 1) On 1 day time, we can see now it closed just at 200DMA. 200DMA is placed at 924.91 level. From here we can expect a good move on either side. Please refer below chart : 1day Time Frame. 2) On 1 hr time frame, we can see that is has been trading in range of 915-930. For positonal trade if 1 hr time frame is giving...
NSE:GODREJCP Observations: 1) On 1 day time frame, it has been successfully trading above 50DMA. But it is still below 100DMA. 50DMA is placed at 937.85 and 100DMA is placed at 992.77 Please refer below chart : 1 day Time Frame. 2) On 1 hr time frame, it has made bullish flag and pole pattern. If it gives breakout of it and patterns get activated then...
NSE:GODREJCP Observations: 1) On 1day time frame, it bounce perfectly from the 200DMA with increased in Volume. Immediate resistance is at 950 level. 200DMA is placed at 900.04 level. Which will now work as major support. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 22-12-2021 1) Don't...